Omaha daily bee., 1887-06-26
CUNNING FOR CYRUS FIELD.
Gould and Sage on the Warpath For Theiy
Late Partner.
THAT CAUSED THE BIG DROP.
The Wall street Magnates slaughtcl
All Their Friends in Their Late
Manipulation of Stocks
Yesterdays Market
The Stock Markc, Manipulation.

NEW York, June 25.-lSpecial Telegram
to the BEE, 1T seems to be the general be-
lief that the furry in Wall street. which
began yesterday morning, is at an end and
that the market will be in good condition
to-day The Times, this morning, saysi'
ut is no libel to say that there are people Id
Wall street who do not credit all the state
ments made by the Gould crowd yesterday.
Gould and Sage called loans by the whole.
sale. They did their level best to corner
money They tumbled basketfuls OF stock
on the market. The break was of their own
designing. SO believes every body who pre-
sunes to have an independent opinion in
Wall street. II was their own Western
Union and Missouri Pacific and Manhattan
that they used to slug the market with. And
II they were not cunning after Cyrus Field,'
every indication seemingly worth attention
is all wrong. 1t has been an open secret this
many a day that Gould and Sage do not love
Field, for all their speculative
co-partnership with him. RusselF
Sage is on record as predicting
that time was coming when Cyrus feet
will go patter, patter, patter-Deacon Sage's
poetical description OF Brother Field on
dead run. MIR. Field, according to common
fame, Is loaded heavily with Manhattan.
Gould has been a loaner of money 10 tho.
yesterday. Though Gould has been adver.'
tised good deal lately as n patron OF Ivcsy
and though the two have had yachting parties
together, and though Ives has been recog-
instrument for settling the big telegraph war
through Baltimore & Ohio deal, still close
observers have not been mislead into the
idea that Gould was quite all that this
When somebody remarked to Gould that !yea
was young man to be conspicuous In Wall
street, Gould'S quite observation was: 'Wells
+ often happens that Wall streets greatest
Ferdinand Ward% His relations s with With lvcs
were quite intimate enough to give him In.
formation as to when and where tho much
Gould has a habit Of utilizing his in nformaa
ton.
"As is always the case after a day of un.
usual excitement in Wall street. the corri.
dors of the Windsor hotel were crowded last
night by brokers anxiously diccussing the
situation and swapping theories about the
probable future course of the market. Tho
Jesse, Seligman predicts that within the next
few days it will be discovered that gold is on
the way hero from Europe and that tight
money Is no longera danger. Other banks
mans opinion Endorsement. Large loansoil
stock collateral were made after the market
closed yesterday as low as and per cent.
The contingent that Is always on parade as
The wear!est citizens that this town can
boast Everyone of them al! was !.
caught loaded up with stocks aEi
S @ Could E'es have sSsss sssy ons sna
their friends rs their hangers-on love to-
label themselves. Jay Gould offers as an ex...
cuse for his wholesale calling OF loans that
no thought stocks were cheap, and he could
market than he could by having 1t out on
loans. That sounds we'll. People who arc
bullsh love to hear that they have gained
as s'T it night have been ?f''H It had hap:
had completely wiped them out"
Saturday gives only two hours for business,
and there was nc, demand for stocks at the
opening among the loan crowd and very lit
tie for money, which ranged 6, z, 8, : per
cent. The feel ing was decidedly feverisb,
gress, though London came in 1sC913 per cent.
higher with orders for Reading. Lake Shore,
Erie and other stocks. Still, prices were be-
low the New York closing. of yesterday.
report the bears began hammering, and SOON;
had weakened the list down 3(94 points.
With the declaration that the sub-trcasuryi
would at once pay out the July interest on
feeling prevailed, and prices recovered par.
italy The best opinions expresse!d
about yesterdays panic are that II
Sy %"s sssssf fI1"sh b" bhsry yyoo dssGe
with the best deal. and then other rulnOrs
were seized hold of to run the market down..
1t Is confidently asserted that Gould bought
The bank statement was so much better than
had been expected that 1t strengthened the
stock market, which closed firm at good
prices about the best of the day. A shrink
age OF over S., 600 In deposits, and Q loss.
of nearly billion legal tender reflected the
shipment of over 81, LOO, 600 in currency to help
out the western wheat deal. The deposits are
the smallest for any week of the year, but they
are $40 00O, 900 more than for the last week in
December last. Money will undoubtedly
rule close through July. The total sales for
the day were 17G,075 shares.